Presenting a global list of bank failures, nationalisations and changes of ownership since 2007. Last updated: October 9,
2008.
Key: Chap. 11 = Declared Bankruptcy;
Failed = Assets disposed and no further investment;
Nat. = Nationalised; Sold =
Acquired by different Financial Institution at basement price.
|
Region |
Result |
Bank Name |
Closing Date |
| UK | Nat. | Icesave |
October 9, 2008 |
| UK | Failed | Kaupthing Singer & Friedlander (Deposit business transferred to ING Direct) |
October 8, 2008 |
| Iceland | Nat. | Landsbanki |
October 7, 2008 |
| Belgium | Nat. | Dexia |
September 30, 2008 |
| US | Sold | Wachovia (Merger announced with Wells Fargo on October 3, indecision between Citigroup or Wells Fargo as of October 9) |
September 29, 2008 |
| Iceland | Nat. | Glitnir |
September 29, 2008 |
| UK | Nat. | Bradford & Bingley UK and Isle of Man |
September 29, 2008 |
| Belgium | Nat. | Fortis |
September 28, 2008 |
| US | Failed | Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park City, UT |
September 25, 2008 |
| US | Failed | Ameribank, Northfork, WV |
September 19, 2008 |
| UK | Sold | HBOS |
September18, 2008 |
| US | Nat. | American International Group |
September16, 2008 |
| US | Chap. 11 | Lehman Brothers |
September 15, 2008 |
| US | Sold | Merrill Lynch |
September 14, 2008 |
| US | Nat. | Freddie Mac |
September 7, 2008 |
| US | Nat. | Fannie Mae |
September 7, 2008 |
| US | Failed | Silver State Bank, Henderson, NV |
September 5, 2008 |
| US | Failed | Integrity Bank, Alpharetta, GA |
August 29, 2008 |
| US | Failed | The Columbian Bank and Trust, Topeka, KS |
August 22, 2008 |
| US | Failed | First Priority Bank, Bradenton, FL |
August 1, 2008 |
| US | Failed | First Heritage Bank, NA, Newport Beach, CA |
July 25, 2008 |
| US | Failed | First National Bank of Nevada, Reno, NV |
July 25, 2008 |
| US | Failed | IndyMac Bank, Pasadena, CA |
July 11, 2008 |
| US | Failed | First Integrity Bank, NA, Staples, MN |
May 30, 2008 |
| US | Failed | ANB Financial, NA, Bentonville, AR |
May 9, 2008 |
| US | Sold | Bear Stearns |
April 01, 2008 |
| US | Failed | Hume Bank, Hume, MO |
March 7, 2008 |
| UK | Nat. | Northern Rock |
February 22, 2008 |
| US | Failed | Douglass National Bank, Kansas City, MO |
January 25, 2008 |
| US | Failed | Miami Valley Bank, Lakeview, OH |
October 4, 2007 |
| US | Failed | NetBank, Alpharetta, GA |
September 28, 2007 |
| US | Sold | Ameriquest Mortgage |
August 31, 2007 |
| US | Sold | Countrywide Financial (Sold to Bank of America on July 1, 2008) |
August 17, 2007 |
| US | Failed | Metropolitan Savings Bank, Pittsburgh, PA |
February 2, 2007 |
End of table.
